Business Maverick: World embraces dirtier fuels as gas hits exorbitant heights

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 84%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

With high natural gas prices showing no signs of abating and supplies becoming harder to obtain, cheaper and dirtier alternatives to the fuel are looking increasingly tempting for energy-hungry buyers.

Liquefied natural gas prices in Asia are now at about $50 per million British thermal units. On an energy-equivalent basis, gas was at about double the price of diesel as of early August, with high-sulphur fuel oil and coal cheaper still, according to data from S&P Global Commodity Insights.

IEA’s view was echoed by Damien Courvalin, head of energy research at Goldman Sachs, who expects gas-to-oil switching to account for 1.5 million barrels a day of additional demand this winter, compared to a million barrels a day last year. Demand will come from the power sector as well as industries, he said in a Bloomberg interview.

The shift from gas is a setback in the global push for cleaner energy. Many countries turned to natural gas as part of decarbonisation efforts, as it’s the cleanest fossil fuel. Dirtier alternatives from coal to liquid fuel will make it more difficult for nations to reach their climate goals. “Restarting such plants will depend on just how well they were shut down and then maintained,” FGE’s Sawyer said. “Do not expect such plants to come on overnight.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Business Maverick: Stocks pare gains amid China data rate cut: markets wrapInvestors on Monday evaluated a surprise interest-rate cut by China to shore up an economy struggling with a property-sector slowdown and Covid-linked restrictions.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Concerns voiced over Sasol Gas' intention to increase prices by 96% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Industrial Gas Users Association of Southern Africa (IGUA-SA) has voiced concern over Sasol Gas’ intention to increase prices by 96%. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of kurth_louise321 I was able to earn $50,000 now am financially stable. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Ruthhermoso_ on Twitter She guides me through and i made a return of R155,000 after a week of trading, connect with her Greed...
La source: SABCNews - 🏆 37. / 51 Lire la suite »

Fears grow that sugar industry woes will lead to price hikesThe industry was hit hard by the floods that devastated KwaZulu-Natal last ye Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker
La source: BDliveSA - 🏆 12. / 63 Lire la suite »